SH Payments joins the CENTROlink network

Thursday 26 May 2022 09:26 CET | News

Lithuania-based fintech SH Payments has enlisted in the CENTROlink payment system to give its clients access to the Single Euro Payments Area (SEPA).

CENTROlink, which is operated by the Bank of Lithuania, will allow SH Payments to clear SEPA payments for clients directly via the European Banking Authority (EBA) clearing without using a correspondent bank.

The new system will enable SH Payments to diversify its product offering, allowing the company to offer an LT IBAN in addition to the current IBAN offering: LU, DE, DK, and GB to its clients.

Additionally, SH Payments will have full control, from a risk and compliance perspective, over its transactions, as well as low pricing. The system also means that there will be no delays due to third party correspondents.

SH Payments, which operates under the holding company Stanhope Financial Group, is a global fintech company that provides businesses with a full suite of banking services.

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Keywords: product upgrade, IBAN, SEPA, fintech, digital banking
Categories: Banking & Fintech
Companies: CENTROlink, SH Payments
Countries: World
This article is part of category

Banking & Fintech

SH Payments


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